German automaker Volkswagen said Tuesday it plans to ramp up its production of electric vehicles over the next ten years to 22 million and reduce its carbon footprint over vehicle life cycles by 30 per cent.
The profit margin at its core VW brand slipped to 3.8% a year ago, down from 4.2%, as higher investments into electric cars and challenges getting combustion-engined vehicles certified ate into profits.
Volkswagen has struggled to raise profitability at the VW brand for years.
The VW brand is targeting a 6 percent margin in 2022.
The new cost cutting drive is a continuation of Volkswagen's 3 billion euros Zukunftspakt savings plan.
Previously, the company said it would aim for 15 million.
"We will significantly step up the pace of our transformation so as to make Volkswagen fit for the electric and digital era", said Ralf Brandstätter, chief operating officer for the VW brand. The brand has achieved €2.4bn in savings so far and a net reduction of more than 6,300 positions, despite adding 2,700 jobs including in software operations, VW said Wednesday.
VW's electric auto portfolio is limited at the moment, but the company hopes to sell at least 1 million battery-powered vehicles by 2025.
Volkswagen states that first adopters of the I.D. will receive special, launch-edition cars, but has not specified how these will stand out from subsequent models. Diess, who also heads up the VW brand, has been axing slow-selling models and auto variants to reduce complexity.
The first electric auto on the platform - the "ID" - will hit showrooms in 2020 and VW expects the launch edition to sell out, VW's board member for sales Juergen Stackmann said.
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. Facebook is already facing the prospect of multi-billion dollar fines to settle privacy investigations.
The flight had unstable vertical speed after take off , said flight tracking website Flightradar24 on its Twitter feed. Ethiopian Airlines said it was organising search operations and setting up a passenger information centre.
The major storm will continue to strengthen Wednesday in the Central Rockies, pushing east to the Central Plains. The Lower Mississippi Valley and southern Plains will experience thunderstorms with heavy rain and flooding.
The charity's chief executive, Matthew Searle, suggested that Shaw had been fasting, and could have died from lack of sustenance. It added: "Formal identification has not taken place but the body is believed to be Catherine". "She died doing what she loved".
Data from 2018 shows that 10% of cases are between 6 and 15 years of age, whereas 15% are between 16 and 30 years of age. Two doses of the MMR vaccine are about 97 percent effective at protecting children from measles, according to the CDC.
Sports Illustrated's Albert Breer says the Chiefs would get a second-round pick in the 2020 NFL Draft in the trade for Ford. Last season, the 49ers set new all-time National Football League lows with seven turnovers and two interceptions.
The former Texas congressman has joined the growing list of Democrats who hope to take on Donald Trump at the next election. The field of Democratic candidates already includes Elizabeth Warren , Bernie Sanders , and Julian Castro, among others .
He doesn't have a great track record at TPC Sawgrass, but the changes at the tournament could turn the tides in his favor. Marc Leishman , Cameron Smith and Aaron Baddeley round out the Australian contingent at the 144-player tournament.
No students were charged, with authorities saying that in many cases the teenagers were unaware of what was going on. Ms Huffman was one of several charged who appeared in court on Tuesday before being released on bail.
Hitting out Congress , Mayawati said, "The SP-BSP alliance is flawless for defeating the BJP, especially in Uttar Pradesh". So is Jyotiraditya Scindia, who has been put in charge of western Uttar Pradesh.
The travel ban entails preventing the entry into or transit by all states through their territories by designated individuals. The proposal was the fourth such bid at the United Nations over the last decade to designate Azhar a global terrorist.
Clashes Erupt After Israel Closes Temple Mount
During the searches, the police said they found several containers of flammable materials, firecrackers and Molotov cocktails. The Palestinian Red Crescent reported two people hurt, while police said an officer suffered from smoke inhalation.
Android Q beta launches today, available to all Pixel phones
The handsets supported are Pixel, Pixel XL , Pixel 2 , Pixel 2 XL , Pixel 3 , Pixel 3 XL along with the official Android emulator. Android Q is now in early beta stage and is chiefly aimed at developers and other tech-heads in the testing community.
Newsom To Halt Death Penalty Executions
As with so many other issues - climate change, abortion, taxes - there is a wide gulf on how states approach capital punishment . GOP Assemblyman Tom Lackey said Republicans were looking for a way to reverse Newsom's action but hadn't yet figured out how.
Users worldwide report Facebook, WhatsApp, Instagram outages
Facebook's main product, its Messenger service, image-sharing site Instagram and messaging app WhatsApp have all been disrupted. Some Twitter users who work in "Facebook-centric" jobs, expressed their panic and distress at being unable to use the platform.